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As many of you know I've been making money online for a long time - since 1998 in fact.

The golden years were around 2010 - 11 but it's got a lot harder now.

I have launched successful website since 2010, but financial success has eluded me.

I'm doing better from my investments, which now make more than my online income. One key difference between Europeans and Americans is that Europeans focus more on yield.

As for making money online, there are still good niches. Clothing is looking promising. The other thing is to look for new things - I was researching Dream Team Money today and the site is pretty junk but they are cleaning up in highly lucrative bitcoin related traffic.

But yeah, it's got really difficult now, so I'm going down the English teaching route (watch this space!).

Contrarian Expatriate wrote:Passive Income comes working your ass off then saving enough to live off enough of your passive income. It is no easy feat, but it can be done. My passive income comes from:

Contrarian Expatriate wrote:Passive Income comes working your ass off then saving enough to live off enough of your passive income. It is no easy feat, but it can be done. My passive income comes from:

In other words, you're on the dole. We'er paying for your monkey ass. But how else could it have been?

I am if you are a whining loser who could never obtain the credentials to actually BE so gainfully employed. Of course, "Firmtuv Akshin" tends to make whites of the lowest tier unsuitable so you'd never have a chance. The fact that I had to pay into the pension for over 20 years is lost on the unemployed, low-status, man like yourself. There is no wonder why you can't get any sex.

Pensions are generally for people who actually invest heavily in their educations or training, perform decades of public service work in service to others, and forgo more lucrative employment by staying in place. It is a bargained for exchange that the incompetent see as unjust since they could never make the cut. So I get you; if you're ever in Eastern Europe, I'll by you some chewing tobacco and a six-pack if it would make you feel any better.

Contrarian Expatriate wrote:Pensions are generally for people who actually invest heavily in their educations or training, perform decades of public service work in service to others, and forgo more lucrative employment by staying in place.

Surely you know perfectly well that nothing could be further from the truth.

Contrarian Expatriate wrote:Passive Income comes from working your ass off then saving enough to live off enough of your passive income. It is no easy feat, but it can be done. My passive income comes from:

This gives me about 100k per year to travel the world changing countries each month or so. These are accumulated over time and left to grow until the point when you can retire early.

How's the day trading game? It's something I've gotten more interested in within the past few months. I realize the initial investment (software, broker fees, etc) can be a bit pricey but is it worth spending my time learning and reading up on? I'm not looking for a get rich scheme just maybe an extra supplemental income ($500-1000 a month).

Contrarian Expatriate wrote:Passive Income comes from working your ass off then saving enough to live off enough of your passive income. It is no easy feat, but it can be done. My passive income comes from:

This gives me about 100k per year to travel the world changing countries each month or so. These are accumulated over time and left to grow until the point when you can retire early.

How's the day trading game? It's something I've gotten more interested in within the past few months. I realize the initial investment (software, broker fees, etc) can be a bit pricey but is it worth spending my time learning and reading up on? I'm not looking for a get rich scheme just maybe an extra supplemental income ($500-1000 a month).

It is very risky and not for most people. I have only 5k allocated to my day trading account and I only make about 2 or 3 trades in most weeks.

My strategy is trading in ranges. In other words, I only sell to realize a profit of $50 or more. I've made trades that have yielded me $1500 but those are infrequent.

The key to my strategy is the buy back. Once I realize a profit, I set a limit order to buy it back when it goes back down. In my experience, when a stock goes up more than 3% in a day, it will eventually settle back down in relatively short measure due to other profit takers.

I would advise:

-Allocate only a small amount to your day trading account (at least until you get the gist of how markets behave most days)

-Stick with Index or sector ETFs and not individual companies. There is too much risk associated with any single company.

-Use the heck out of Limit Orders for buying and selling.

-Don't get greedy, money is made with many small profits and one or two lucky bounces per year.

-See day trading as a means to supplement your income but not reliably. Some months or quarters you will do very little trading until the sentiment improves.

-If the market starts a cyclical bear, cut out for awhile until you see capitulation and the trading ranges working again.

-Never, ever, ever, listen to the nonsense spread on Bloomberg and CNBC or any other financial pundit media. They want people in the buy and hold trap, always. That benefits the Wall Street types who can then get out before the tanking begins leaving small investors holding the bag.

Do you own real estate rental properties? Do you have a property manager take care of them for you?

Up until recently, yes. I've held multiple properties over the years but sold them all to cash out. And yes, I did use a property manager who know the buildings well and took care of the tenets and the paperwork.

I still list rental property as passive income because I invest in an Real Estate Limited Partnership that focuses on rental income. I also am in the market to buy a condo-hotel unit that I can live in while in the USA, and it would be a normal hotel room for the other 90% of the year earning me income.

Condo hotels are not for everyone but they can be profitable if the fee structure and the building occupancy rates make them so.